The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Subchapter
002
:
THE COOPERATIVE MARKETING ACT; COOPERATIVE ASSOCIATIONS
(Cite as: 11 V.S.A. § 1018)
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§ 1018. Marketing contracts—Terms
An association and its members may make and execute marketing contracts, requiring
the members to sell, for any period of time, all or any specified part of their agricultural
products or specified commodities exclusively to or through the association or any
facilities to be created by the association. If they contract a sale to the association,
it shall be conclusively held that title to the products passes to the association
upon delivery except for legally recorded chattel mortgages given for value and prior
to July 1 in any year on such products or commodities whether such mortgages are given
before or after the making of such contract of sale. The contract may provide, among
other things, that the association may sell or resell the products delivered by its
members, with or without taking title thereto, and pay over to its members the resale
price, after deducting all necessary selling, overhead and other costs and expenses,
including interest or dividends on stock, not exceeding eight percent per annum, and
reserves for retiring the stock, if any, and other proper reserves, and for any other
reductions.